AMSF Long Put Strategy
AMSF (AMERISAFE, Inc.), in the Financial Services sector, (Insurance - Specialty industry), listed on NASDAQ.
AMERISAFE, Inc., an insurance holding company, underwrites workers' compensation insurance in the United States. The company's workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It serves small to mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime. The company was incorporated in 1985 and is based in DeRidder, Louisiana.
AMSF (AMERISAFE, Inc.) trades in the Financial Services sector, specifically Insurance - Specialty, with a market capitalization of approximately $564.5M, a trailing P/E of 12.22, a beta of 0.27 versus the broader market, a 52-week range of 29.42-48.54, average daily share volume of 219K, a public-listing history dating back to 2005, approximately 362 full-time employees. These structural characteristics shape how AMSF stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.27 indicates AMSF has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. AMSF pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a long put on AMSF?
A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration.
Current AMSF snapshot
As of May 15, 2026, spot at $30.70, ATM IV 14.20%, IV rank 0.00%, expected move 4.07%. The long put on AMSF below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 34-day expiry.
Why this long put structure on AMSF specifically: AMSF IV at 14.20% is on the cheap side of its 1-year range, which favors premium-buying structures like a AMSF long put, with a market-implied 1-standard-deviation move of approximately 4.07% (roughly $1.25 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AMSF expiries trade a higher absolute premium for lower per-day decay. Position sizing on AMSF should anchor to the underlying notional of $30.70 per share and to the trader's directional view on AMSF stock.
AMSF long put setup
The AMSF long put below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With AMSF near $30.70, the first option leg uses a $30.70 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AMSF chain at a 34-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 AMSF shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $30.70 | N/A |
AMSF long put risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
AMSF long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on AMSF. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
When traders use long put on AMSF
Long puts on AMSF hedge an existing long AMSF stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying AMSF exposure being hedged.
AMSF thesis for this long put
The market-implied 1-standard-deviation range for AMSF extends from approximately $29.45 on the downside to $31.95 on the upside. A AMSF long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long AMSF position with one put per 100 shares held. Current AMSF IV rank near 0.00% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on AMSF at 14.20%. As a Financial Services name, AMSF options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AMSF-specific events.
AMSF long put positions are structurally bearish; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. AMSF positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AMSF alongside the broader basket even when AMSF-specific fundamentals are unchanged. Long-premium structures like a long put on AMSF are particularly exposed to IV-crush risk through scheduled events (earnings, FDA decisions, central-bank meetings) where IV typically contracts post-event regardless of the directional outcome. Always rebuild the position from current AMSF chain quotes before placing a trade.
Frequently asked questions
- What is a long put on AMSF?
- A long put on AMSF is the long put strategy applied to AMSF (stock). The strategy is structurally bearish: A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration. With AMSF stock trading near $30.70, the strikes shown on this page are snapped to the nearest listed AMSF chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are AMSF long put max profit and max loss calculated?
- Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium. For the AMSF long put priced from the end-of-day chain at a 30-day expiry (ATM IV 14.20%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a AMSF long put?
- The breakeven for the AMSF long put priced on this page is no defined breakeven on the modeled curve at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current AMSF market-implied 1-standard-deviation expected move is approximately 4.07%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a long put on AMSF?
- Long puts on AMSF hedge an existing long AMSF stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying AMSF exposure being hedged.
- How does current AMSF implied volatility affect this long put?
- AMSF ATM IV is at 14.20% with IV rank near 0.00%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.